Definition of living trust
: a trust that becomes effective during the lifetime of the settlor — called also
inter vivos trust
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Recent Examples of living trust from the Web
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There's no specific dollar amount of assets for which a living trust becomes a good idea.
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Revocable living trusts also don't get special estate tax treatment.
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Revocable living trusts are designed to eliminate the potential costs and delays of probate, not of the estate tax system.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'living trust.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of living trust
1913
Law Dictionary
Learn More about living trust
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See words that rhyme with living trust Britannica.com: Encyclopedia article about living trust
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